Investing in Chandigarh Real Estate

By: George Gonigal

The real estate development wave prevalent in the entire county has caught on Chandigarh and neighboring regions as well. Like all other north Indian cities, this city too is witnessing a surge in property rates. Urbanisation has added more population to the city and more people are settling in the city than ever before.

However, there is also an increasing number of people who come here only to buy property. Today, people from all over the country are buying property in Chandigarh. There is land available and that too at throw away prices. The sub-urban areas of Punjab are becoming a haven for the neo-rich who want to buy property only from the investment point of view.

After Chandigarh, it is becoming exceedingly difficult to find land in Mohali and Panchkula. Near by areas like Zirakpur, Baltana, Dhakoli, Dera Bassi and Mani Majra are much in demand now.

Prices of land here are almost half of that in Delhi and thus people are flocking to these new and upcoming areas, despite poor infrastructure and lack of maintenance. Investors are laying huge bets on these areas. They are putting their money in upcoming projects and expect good returns in the coming times.

Panchkula is the hub of the riches of Haryana. Ministers, their relatives and the who's who of Harayana own flats and bungalows in Panchkula. It is extremely difficult to find a flat or plot there.

The current land prices are Rs 2,200 - Rs 2,500 per sq. ft. An average 3 BHK apartment can be rented out for Rs 8,000-10,000. Residential plots command a premium value of Rs 37,000 per sq. yard. These rates are very much comparable to Gurgaon and some segments of Delhi.

For more details on , log on to magicbricks.com

India Properties
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on India Properties